| In today's trading session, buyers continue to exert their influence on the USDJPY, propelling the currency pair higher. Notably, the price has successfully broken above daily resistance, signaling a bullish sentiment. Furthermore, the USDJPY has surpassed significant technical hurdles, including the 61.8% retracement level at 142.49 and the high of a swing area near 142.654. Staying above this area would reinforce the bullish outlook for the pair. Join us as we closely analyze the implications of these price movements and discuss the potential scenarios for the USDJPY going forward. Stay informed and make well-informed trading decisions in the dynamic forex market with our technical analysis. |
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